1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Plastic Market Trends

Medical Plastics Market by Type, by Application and by Region - Forecast to 2020

  • November 2015
  • 182 pages
  • MarketsandMarkets
Report ID: 3397884

Summary

Table of Contents

Search Inside

Growing demand of medical plastics from the medical devices industry, globally
The global medical plastics market is projected to reach USD 6,978.03 million by 2020, registering a CAGR of 7.12% from 2015 to 2020. The demand for medical plastics is high as they have excellent conductivity, tensile strength, long life span, and thermal stability. The growing demand from the Asia-Pacific region and the increasing application sectors such as implants, dental tools, drug delivery devices, surgical instruments, syringes, disposable medical devices, and so on fuel the demand growth of medical plastics in the global medical market. Medical plastics are being used as the preferred substitute for traditional glass and metal instruments by major medical device manufacturers and suppliers globally.

Implants and disposable medical devices – fastest-growing application market for medical plastics
Medical plastics are used for manufacturing the outer body of the disposable medical devices. High tech polymers are used to create new and improved artificial limbs and plastic disposable delivery devices that have succeeded in reducing the risk of infection to patients. The demand for disposable medical devices is more in the emerging economies as the health care sector in these economies has expanded and modernized. An implant is a medical device that is manufactured to replace a missing natural structure, support a damaged biological structure, or enhance an existing biological structure. Polymers such as polyethylene, polyurethane, PET, PMMA, hydrogels, fluropolymers, and polycarbonate are used in manufacturing of implants. The use of polymers in temporary and permanent implants is rapidly growing.

Asia-Pacific- the fastest-growing market for medical plastics
The Asia-Pacific region is the fastest-growing market of medical plastics, in terms of value and volume. High economic growth rate, growing manufacturing industries, cheap labor, increasing medical plastics patents, expansion, and global shift of consumption and production capacity from the developed markets to the emerging markets are few factors leading to the growth of medical plastics in this region.

China dominates the medical plastics market in Asia-Pacific. China’s consumption of medical plastics has grown significantly and is expected to witness further growth in the near future. The growing middle class and the aging population, increasing purchasing power of people, improvement in living standards and therefore demand for medical devices, technology upgradation in hospitals, requirements for higher quality products, and the development of China's western regions are the major reasons that are driving the medical devices market in China.

This study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided in three categories: by company type; by designation; and by region. The by company type category states the company’s position in the market, that is Tier 1, Tier 2, or Tier 3. Our study has covered all the three Tier companies for our primary interviews. By designation refers to the position that the primary expert holds in the specific industry, and is divided in three sub-categories: C-Level (CXO’s), Director Level, and Others (managers, analysts, R&D experts, and so on). By region involves the Asia-Pacific, North America, and Europe medical plastics markets for this study.

The report also provides company profiles and competitive strategies adopted by the major market players, such as Phillips-Medisize Corporation (U.S.), Freudenberg Medical (U.S.), Nolato AB (Sweden), Röchling Engineering Plastics (Germany), West Pharmaceutical Services, Inc. (U.S.), Parker Hannifin Corporation (U.S.), MedPlast Inc. (U.S.), and GW Plastics (U.S.), among others.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Rigid Transparent Plastics

  • $ 6650
  • Industry report
  • May 2017
  • by BCC Research

• The North American transparent plastics market should reach 5.6 billion pounds by 2022 from 4.5 billion pounds in 2017 increasing at a compound annual growth rate (CAGR) of 4.6%, from 2017 to 2022. ...

Color Concentrates Market by Form, End-Use Industry, Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“The color concentrates market is projected to grow at a CAGR of 6.5% in terms of value during the forecast period.” The color concentrates market was valued at USD 4.24 billion in 2016 and is projected ...

Color Concentrates Market by Form (Solid and Liquid), End-Use Industry (Packaging, Consumer Goods, Building & Construction, Automotive), Region (Asia-Pacific, Europe, Middle East & Africa, North America, South America) - Global Forecast to 2021

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“The color concentrates market is projected to grow at a CAGR of 6.5% in terms of value during the forecast period.” The color concentrates market was valued at USD 4.24 billion in 2016 and is projected ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.